One of Greece’s largest and most generous charitable organizations, the Stavros Niarchos Foundation (SNF), announced on Tuesday that it is donating a stunning one hundred million dollars to alleviate the effects of the COVID-19 coronavirus pandemic.
Responding to the severe and unprecedented challenges posed around the globe by COVID-19, the SNF announced its latest effort to help address the impacts of the pandemic.
The SNF’s donation will focus on both present needs and long term issues related to the pandemic.
— ΙΣΝ | SNF (@SNForg) April 7, 2020
”The first area of focus is medical research. Knowing that combating the virus effectively on the global scale will require both new vaccines and new treatments, SNF will provide support for research efforts focused on effective testing, treatment, and prevention,” the foundation announced.
”To this end, the SNF has provided an immediate grant of $3 million to The Rockefeller University to support the world-class institution’s round-the-clock research related to COVID-19. Rockefeller’s Nobel Prize-winning researchers are well-positioned to speed development and deployment of vaccines and treatments that could have a global impact,” it stated.
The SNF also said that it will work with public and private entities and ”our grantee partners to ensure food security for those in need.”
The Foundation will also work with organizations around the globe to address the mounting psychological needs arising from the coronavirus pandemic.
In addition, the SNF will support organizations working to alleviate the multifarious effects of the socioeconomic crisis, which is deepening along with the current health crisis. ”This means both strengthening the social safety net and sustaining systems that encourage us to help one another recover,” the Greece-based foundation stated.
The organization’s announcement made particular mention of Greece, saying ”Having only recently emerged from a draining, decade-long socioeconomic crisis, Greece is particularly vulnerable to the economic and social impacts of the pandemic, and the SNF is committed to remaining a strong partner to public and private organizations in avoiding a relapse.”
The SNF is already currently investing $450 million in Greece by building three new hospitals and infectious disease training facilities, and providing emergency and diagnostic equipment, trauma care training, and nursing education.